S&P lowers France ratings to 'A+' from 'AA-' on heightened risks to budgetary consolidation; outlook stable
- "Despite this week’s submission of the 2026 draft budget to the parliament, uncertainty on France’s government finances remains elevated."
- "While, in our view, the 2025 general government budget deficit target of 5.4% of GDP will be met, we believe that, in the absence of significant additional budget deficit-reducing measures, the budgetary consolidation over our forecast horizon will be slower than previously expected."
- "We expect gross general government debt to reach 121% of GDP in 2028, compared with 112% of GDP at the end of last year."
17 Oct 2025 - 21:13- Important- Source: S&P
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